Results · Professional & Local Services

Burma Burma reports revenue growth and widening losses in FY26

What they do

Burma Burma is a vegetarian pan-Asian restaurant chain with outlets across major Indian cities

The company posted Rs 155.6 Cr revenue but widened its net loss to Rs 14.5 Cr in FY26

Expenses surged 60% while unit economics remained negative as the firm spent more than it earned

Burma Burma reported Rs 155.6 Cr revenue for FY26 which was up 47% year-on-year.
The company recorded a net loss of Rs 14.5 Cr which widened nearly sixfold from the previous year.
Total expenses rose approximately 60% to reach Rs 175.4 Cr during the fiscal year.
EBITDA grew by 35% to Rs 29 Cr with an operating margin of 18.65%.
The business spent more than it earned for every rupee of operating revenue.
Cash and bank balances stood at Rs 18 Cr as of March 2026.
The valuation reached Rs 500 Cr following a $4 million funding round in March 2026.
The company has raised a total of $11 million in funding since its inception.

Rapid expense growth outpaced revenue gains leading to significant operational losses.
Negative ROCE suggests the current capital structure is not yet generating returns.
Employee benefits and material costs rose sharply contributing to higher expenses.

It serves vegetarian pan-Asian cuisine blending Burmese Indian and Thai influences.
Revenue split shows 82% comes from dine-in experiences totaling Rs 128 Cr.
Online delivery contributed Rs 15.9 Cr representing a smaller portion of total sales.
Bengaluru accounts for over 32% of revenue generating approximately Rs 50 Cr.
Mumbai generated Rs 38.4 Cr while Delhi and Gurugram each contributed around Rs 15 Cr.
Outlets operate in Delhi NCR Mumbai Bengaluru Hyderabad Kolkata Ahmedabad and Chandigarh.
Material costs increased by 50% to Rs 30 Cr reflecting higher input prices or volume.
Employee benefits cost Rs 48.5 Cr rising 44% due to workforce expansion.

Product: A premium casual dining restaurant chain focused on Burmese food.
Customers: Urban diners and families eating out at the chain’s restaurants.
How it makes money: It earns revenue from food and beverage sales across its restaurants.
What sets it apart: A focused Burmese menu with a vegetarian offering.
Operations: Operates 21 outlets across major Indian cities.